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Bicomponent Fiber Market projected to reach US$ 2,266.9 million in the forecast period (2019-2024)

09-11-2019 12:37 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Stratview Research

Bicomponent Fiber Market projected to reach US$ 2,266.9 million

Stratview Research’s report states about the segment-wise current market condition, and also offers an estimation about future growths. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact book, etc. As per the estimation, Bicomponent Fiber Market is expected to inflate at impressive CAGR by the forecast period (2019-2024).

Request The Table of Contents through here:
https://www.stratviewresearch.com/toc/288/bicomponent-fiber-market.html

Highlights of the Report:
The bicomponent fiber market seems prosperous with significant growth opportunities for market participants across the value chain. The market for bicomponent fibers is likely to reach an estimated value of US$ 2,266.9 million in 2024. Rising living standard of people in both developed as well as developing countries, increasing demand for non-woven fabrics in various end-use industries, growing disposable diaper and feminine products, increasing preference for thermal-bonded non-woven products over adhesive-bonded non-woven products, and rising demand for nonwovens containing micro-size fibers are some of the key factors proliferating the demand for bicomponent fibers.

Get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/288/bicomponent-fiber-market.html

Market Segments:
The market is segmented based on the material type as PE/PP, PE/PET, Co-PET/PET, and Others. Co-PET/PET is expected to remain the most dominant material type in the market during the forecast period owing to its ease of production from petrochemical sources, low cost, good chemical resistance, and desirable range of physical properties. The material type is also likely to witness the highest growth during the same period, propelled by an increasing penetration of bicomponent fibers in the emerging markets, such as China. Co-PET/PET fibers are cheaper, which makes them the preferred choice, especially in the price-sensitive consumer geographies, such as China and India. Physical properties of polyester fibers are also competent at low cost, especially for the non-woven industry.

Based on the structure type, the market is segmented as sheath/core, side-by-side, islands-in-the-sea, and others. Sheath/core is projected to remain the growth engine of the market during the forecast period from 2019 to 2024. Sheath-core structure type generally has a low-melting-temperature polymer at the sheath and high-melting temperature polymer at the core. They are typically processed as bonding fibers for non-woven and their applications are extremely diverse, making them the most dominant bicomponent fiber structures in the market.

Based on the end-use industry type, the market is segmented as hygiene, textiles, automotive, home furnish, and others. Hygiene is projected to remain the largest as well as a fastest-growing segment of the market during the forecast period. Rising health and hygiene awareness among people around the world is fuelling the growth in the demand for various hygiene products, such as feminine products, baby diapers, and wipes. Also, the demand for disposable hygiene products, such as diapers and sanitary napkins, has been growing in line with the world’s population increase. This, in turn, is generating a greater demand for bicomponent fibers in the segment.

Automotive is likely to remain the second largest segment of the market during the forecast period because of an increase in the penetration of bicomponent fibers in the automobiles to attain lightweight materials with strong capabilities. Seat belts, headliners, seat covers, carpets, and floor mats are some of the key application areas of bicomponent fibers in the automotive industry.

In terms of regions, Asia-Pacific is expected to remain the largest and fastest-growing market for bicomponent fibers during the forecast period. The regional market is driven by a host of factors, such as growing awareness towards the hygienic environment and increasing population. Rising disposable income, improving healthcare infrastructure, and favorable government regulations regarding health and hygiene are further boosting the demand for bicomponent fibers in the region. China is likely to remain the growth engine of the region’s market in the foreseen future. The country is also the world’s largest market for bicomponent fibers and is expected to maintain its dominance during the forecast period.

Market Players:
The supply chain of this market comprises raw material suppliers, bicomponent fiber manufacturers, nonwoven manufacturers, and end users. The key bicomponent fiber manufacturers are ES FiberVisions, Huvis Corporation, Far Eastern New Century, Jiangnan High Polymer Fiber Co., Ltd., CHA Technologies Group, and Jiaxing Xinwei Chemical Fiber Co., Ltd. Development of durable, stronger and softer bicomponent fibers and execution of mergers & acquisitions are some of the key strategies adopted by the key players to gain a competitive edge in the market.

Features of the Report
Here are the key features of the report:
• Strategic Segmentation
• Competitive Analysis
• Strategic Growth Opportunities
• Swot Analysis
• Key Players
• Forecast Analysis & Future Growth

Stratview Research
400 Renaissance Center,
Suite 2600,
Detroit, Michigan, MI 48243
United States of America
Phone No. +1-313-307-4176
sales@stratviewresearch.com

Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research. We are a trusted brand in the research industry with capability of commissioning complex projects within a short span of time with high level of accuracy.

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